Barnesville

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David K. Stein

David Stein is chair of Bricker & Eckler's Banking & Financial Services group and maintains a national practice in this area of law. He advises businesses on consumer-facing issues, including real estate, privacy, credit reporting, technology, data security and e-commerce.

The core of his practice is federal and state financial services litigation and regulatory compliance. David represents banks, lenders, credit unions, insurance companies and mortgage servicers in complex litigation, class actions, defense of regulatory enforcement actions and compliance management. He also represents businesses and their vendors with transactional matters, data security strategies and crisis response, as well as prosecution of claims involving unfair competition and restrictive covenants.

A veteran in the financial services industry, David spent more than two decades in roles as in-house and outside counsel for national independent lenders and servicers. He is known for guiding clients through significant challenges as a trusted advisor. “I know what it is like to sit in your chair” is a phrase he often uses with his clients. Because of his unique perspective, he is able to guide his clients in all aspects of operations and legal oversight.

David is nationally recognized authority in the area of trade practices, including advertising and sales practices. He is the author of the Social Media and Digital Advertising Compliance Resource Guide, published by the Mortgage Bankers Association.

Long active in the financial services community, David has served on the Mortgage Bankers Association’s Legal Committee, Litigation Subcommittee, Qualified Mortgage/ATR Task Force and Independent Banking Working Group. He is also a member of the ABA Business Law Section Consumer Financial Services Committee and the Columbus Bar Association’s Financial Services Committee. Named as Top Lawyer in Financial Markets by Columbus C.E.O. magazine in 2015 and 2016, he is a nationally recognized speaker and frequently trains companies in matters concerning advertising and social media, fair lending, compliance and vendor management.

Selected as a member of the Qualified Mortgage Working Group to prepare position paper on upcoming and proposed changes to HUD’s QM proposal and CFPB’s rule implementation, Mortgage Bankers Association

Speaker, "The New Age of Compliance," Loan Protector Client Conference, August 2016

Speaker, "The Closing Disclosure (Replaces the HUD-1 and Part 2 of TILA)," National Business Institute's Closing Real Estate Transactions Using the New TILA/RESPA Integrated Disclosure (TRID) Seminar, June 2016

Speaker, “The Ubiquitous Presence of the CFPB: Rulemaking Updates and Everything You Now Need to Know About Being Compliant with the ‘Big Brother’ of the Consumer Lending Industry," ACI’s Consumer Lending Regulatory Compliance Conference, October 2015

Selected as a member of the Qualified Mortgage Working Group to prepare position paper on upcoming and proposed changes to HUD’s QM proposal and CFPB’s rule implementation, Mortgage Bankers Association

Speaker, "The New Age of Compliance," Loan Protector Client Conference, August 2016

Speaker, "The Closing Disclosure (Replaces the HUD-1 and Part 2 of TILA)," National Business Institute's Closing Real Estate Transactions Using the New TILA/RESPA Integrated Disclosure (TRID) Seminar, June 2016

Speaker, “The Ubiquitous Presence of the CFPB: Rulemaking Updates and Everything You Now Need to Know About Being Compliant with the ‘Big Brother’ of the Consumer Lending Industry," ACI’s Consumer Lending Regulatory Compliance Conference, October 2015

Experience

First loan transaction for southeast Ohio client

Coordinated the first loan transaction for a southeast Ohio-based business incubator/loan fund, which provided resources to a food manufacturer of gluten and allergen-free products. This was an important milestone for both the lender and the borrower, which will become a productive employer of local Ohioans. Likewise, the facility will likely be a key player in business development for this region of the state.